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In this video tutorial, the difference between an incentive structure and a profit share agreement is discussed. Profit sharing agreements are important for retaining and attracting high-quality teammates in a business. The focus is on promoting high performance and incentivizing individuals to do their best work. The discussion revolves around the concept of a profit sharing agreement as a mechanism to achieve this goal. This is part of building dream teams and encouraging collaboration for mutual success, with a specific emphasis on the golden ratio.
